Yes, giving them more freedom would allow them to get more money.
But that isn't the objective. Allowing them to use only transparent, hard to game investments is offset by doubling or quadrupling their existing base salary. That is the trade off. Some will find other jobs because they want to become megarich. Fine, let them leave; others will be happy to run for their vacant office under the terms of the new deal.
Secondly, by investing only in bonds and broad index funds, their goal is to help the economy overall and in the long term. If someone is allowed to buy a ton of Lockheed stock, guess who they are going to steer projects to? If their money is parked in DJIA, to benefit themselves they should do what is right for a broad range of companies.
But that isn't the objective. Allowing them to use only transparent, hard to game investments is offset by doubling or quadrupling their existing base salary. That is the trade off. Some will find other jobs because they want to become megarich. Fine, let them leave; others will be happy to run for their vacant office under the terms of the new deal.
Secondly, by investing only in bonds and broad index funds, their goal is to help the economy overall and in the long term. If someone is allowed to buy a ton of Lockheed stock, guess who they are going to steer projects to? If their money is parked in DJIA, to benefit themselves they should do what is right for a broad range of companies.